An increase in employee benefits is likely to increase job satisfaction levels, the AIU data set contains intrinsic, overall and extrinsic variables that measure employee satisfaction, using the benefits variable as the independent variable models that show the relationship between benefits and the job satisfaction variables are estimated. it is expected that as benefits increase then all the other variables will increase, meaning that when employees are satisfied with benefits such as wages and salaries then their satisfaction is likely to increase, therefore increasing benefits satisfaction will increase satisfaction levels.
Regression analysis:
Introduction:
An increase in
employee benefits is likely to increase job satisfaction levels, the AIU data
set contains intrinsic, overall and extrinsic variables that measure employee
satisfaction, using the benefits variable as the independent variable models
that show the relationship between benefits and the job satisfaction variables
are estimated. it is expected that as benefits increase then all the other
variables will increase, meaning that when employees are satisfied with benefits
such as wages and salaries then their satisfaction is likely to increase,
therefore increasing benefits satisfaction will increase satisfaction levels.1. 1.Benefits variable versus intrinsic variable:
In this model the
intrinsic variable is set as the dependent variable while the benefit variable
is set as the independent variable, the estimated model take the form Yi = B0 +
B1X where Y is intrinsic and X is benefits, it is expected that the value of B1
will be positive given that as benefits variable increase the intrinsic
variable also increases, the following is a summary of the excel output. (Stuart,
1998)
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Multiple R
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0.215
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R Square
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0.046
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Adjusted R Square
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0.005
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Standard Error
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1.028
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Observations
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25.000
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ANOVA
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df
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SS
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MS
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F
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Significance F
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Regression
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1.000
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1.183
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1.183
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1.120
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0.301
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Residual
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23.000
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24.298
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1.056
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Total
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24.000
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25.482
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Coefficients
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Standard Error
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t Stat
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P-value
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Lower
95%
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Upper 95%
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Lower 95.0%
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Upper 95.0%
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Intercept
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3.240
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1.822
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1.778
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0.089
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-0.530
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7.009
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-0.530
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7.009
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BENEFITS
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0.349
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0.330
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1.058
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0.301
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-0.333
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1.031
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-0.333
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1.031
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2. Benefits variable versus extrinsic variable:
The extrinsic
variable is set as the dependent variable while the benefit variable is set as
the independent variable, the estimated model take the form Yi = B0 + B1X where
Y is extrinsic and X is benefits, the following is a summary of the excel
output
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Multiple R
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0.381
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R Square
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0.145
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Adjusted R Square
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0.108
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Standard Error
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0.971
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Observations
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25.000
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ANOVA
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df
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SS
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MS
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F
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Significance F
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Regression
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1.000
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3.678
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3.678
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3.905
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0.060
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Residual
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23.000
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21.663
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0.942
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Total
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24.000
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25.342
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Coefficients
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Standard Error
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t Stat
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P-value
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Lower 95%
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Upper 95%
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Lower 95.0%
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Upper 95.0%
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Intercept
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8.235
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1.721
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4.786
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0.000
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4.675
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11.79
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4.675
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11.79
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BENEFITS
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-0.615
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0.311
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-1.97
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0.060
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-1.259
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0.029
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-1.26
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0.029
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3. Benefits variable versus the overall variable:
For this model the
overall variable is set as the dependent variable while the benefit variable is
set as the independent variable, the estimated model take the form Yi = B0 +
B1X where Y is overall and X is benefits, the following is a summary of the
excel output
Multiple R
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0.024
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